Perfect World and Valve Announce Exclusive Rights for Perfect World to Operate Dota 2 in Mainland China

BEIJING, Oct. 18, 2012 /PRNewswire/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World"), a leading online game developer and operator based in China, and Valve, a leading entertainment software and technology company based in the United States, today announced an agreement granting Perfect World exclusive rights to operate Dota 2 in mainland China.

In development at Valve, with design lead "IceFrog," Dota 2 promises to expand on the unique mix of action, RTS, and RPG gameplay that has made Dota one of the most popular online games in the world and a leading title at professional e-sport competitions.

"Valve is one of the best developers of online games in the world. We are very excited to partner with Valve in bringing Dota 2 to Chinese gamers," commented Mr. Robert Hong Xiao, Co-CEO of Perfect World. "Dota 2, a refined work by the developers at Valve, has received great attention from players worldwide. With our years of expertise in delivering quality games in China, we are confident that adding this action strategy game to our diverse portfolio of games will bring additional world-class entertainment and premier gaming experiences to our players in China."

"We knew when we started building Dota 2 that Dota was already loved by millions of gamers in China. Valve gave very careful consideration to which potential partner, among multiple candidates, would best serve the Chinese Dota community," said Gabe Newell, President and co-founder of Valve. "In the end, Perfect World was the clear choice to best bring the full Dota 2 experience to customers in China. IceFrog, and the entire team at Valve, are looking forward to moving Dota 2 forward in China with the rest of the world."

Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China. Perfect World primarily develops online games based on proprietary game engines and game development platforms. Perfect World's strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends. Perfect World's current portfolio of self-developed online games includes massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West," "Battle of the Immortals," "Fantasy Zhu Xian," "Forsaken World," "Dragon Excalibur," "Empire of the Immortals" and "Return of the Condor Heroes;" an online casual game: "Hot Dance Party;" and a number of web games and social networking games. While a substantial portion of the revenues are generated in China, Perfect World operates its games in North America, Europe and Japan through its own subsidiaries. Perfect World's games have also been licensed to leading game operators in a number of countries and regions in Asia, Latin America, Australia, New Zealand, and the Russian Federation and other Russian speaking territories. Perfect World intends to continue to explore new and innovative business models and is committed to maximizing shareholder value over time.

Perfect World's Safe Harbor Statements

This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, Perfect World's limited operating history, its ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.